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and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no one seems to be fishing their wish. republicans are working with a weaker hand because they have to do a deal that involves a greater democrat
and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a...
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cliff deal was not reached. still no deal as we stand. only a few days to go. are you actually planning a hiring freeze or layoffs? >> i think every business man plans the fall part of the year, particularly if they are on a calendar fiscal year. we put "x" percent of our budget at risk with a contingency just in case things go bad in the economy. >> what percentage is that now? >> i don't want to tip off to the street what our -- what our plan is, but what i will say is that we have doubled our contingency this year which puts in a set of action plans that we act on depending on what happens in the economy. so we pull back on cap "x" and gain cap "x" and we include head count. >> us a well know, mark, we've had a whole parade of ceos like you who tell us the very same story. we're waiting. what are you waiting for? what would you like to see from washington that gets to you unleash that cap "x" and other things? >> the best deal would be a big deal. >> you want a grand bargain? >> i mean, americans don't want p
cliff deal was not reached. still no deal as we stand. only a few days to go. are you actually planning a hiring freeze or layoffs? >> i think every business man plans the fall part of the year, particularly if they are on a calendar fiscal year. we put "x" percent of our budget at risk with a contingency just in case things go bad in the economy. >> what percentage is that now? >> i don't want to tip off to the street what our -- what our plan is, but what i will...
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Jan 1, 2013
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the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $450,000. unemployment benefits for 2 million americans would be extended f
the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate...
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Dec 24, 2012
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how is oil dependent on fiscal cliff deal or no deal? >> well, i think that's the biggest short-term burden that crude oil and most of the commodities have right now. the biggest factor is if no deal is done by year end, the possibility of the u.s. slipping into a recession in the first half, greatly increases significantly. if that does that, you can see crude oil prices back off to that short-term support right around 86. i think overhead we're met with about a 91 resistance. the volume and also the participants in the market are going to be significantly less as a result of these fiscal cliff worries. >> we're going to sort of trend right around here -- it doesn't look like we're going to get a deal before year end of any great significance. that being said, we may get one last year. do we trade in line right here? >> so we're going to trade probably 91 on the upside, 86 on the low side. i think once a deal is done, you're going to see a reemergence of a risk-on rally. i think that's where crude oil breaks out to the upside. we start
how is oil dependent on fiscal cliff deal or no deal? >> well, i think that's the biggest short-term burden that crude oil and most of the commodities have right now. the biggest factor is if no deal is done by year end, the possibility of the u.s. slipping into a recession in the first half, greatly increases significantly. if that does that, you can see crude oil prices back off to that short-term support right around 86. i think overhead we're met with about a 91 resistance. the volume...
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Jan 1, 2013
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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Jan 1, 2013
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. >>> still ahead, even if the fiscal cliff deal becomes law, our nation's money worries are not over yet. that story coming up. >> plus, we have new details about the medical condition of secretary of state hillary clinton. we'll be right back. grz good morning once -- >>> good morning once again. olga breese in for howard bernstein. we have overcast skies. everyone sitting above freezing. we're starting to see a little bit of a dip. great falls down to 30 degrees. we'll keep the overcast skies and a couple of sprinkles. winds out of the west. highs will be chilly only making it into the lower 40s projecting a high of about 42 to 44 degrees at reagan national today. back to you. >> thank you, olga. >>> at 4:40, time for the first your money segment of 2013. >> wow. got to get used to saying that and writing it, too. good morning, jessica doyle. >> good morning. a hope for a deal on the fiscal cliff delivered a nice rally on wall street on the last day of trading of the year. the dow posted a 7% gain for the year. checking the numbers, the dow starts tomorrow because it's closed today
. >>> still ahead, even if the fiscal cliff deal becomes law, our nation's money worries are not over yet. that story coming up. >> plus, we have new details about the medical condition of secretary of state hillary clinton. we'll be right back. grz good morning once -- >>> good morning once again. olga breese in for howard bernstein. we have overcast skies. everyone sitting above freezing. we're starting to see a little bit of a dip. great falls down to 30 degrees....
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the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious health scare for the secretary of state, hillary clinton. she's now hospitalized with a blood clot. doctors are revealing where it is. we want to welcome our viewers in the united states and around the world. >>> we'll get to the fiscal cliff negotiations. there's movement right now, but first, startling new information we're learning about the blood clot that landed secretary of state hillary clinton in the hospital this new year's eve. her doctor is now revealing it's located in her head between her brain and her skull. let's go straight to our chief medical correspondent, dr. sanjay gupta for the latest.
the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious...
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Jan 1, 2013
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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Dec 28, 2012
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cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by he
cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister...
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meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions because there's this big blob of uncertainty facing us in the near term. overall, what's your sense for how the next year goes? >> our major message to clients is that we expect equities to be up between 5% and 10% next year. the first quarter probably will be a little bit choppy with fiscal policy uncertainty, but having said that, earnings will grow, china market is much better, u.s. residential housing is in good shape. so we expect stocks to be higher 12 months from thousand. >> you think the market trade is cheap cyclicals.thousand. >> you think the market trade is cheap cyclicals. explain the logic. >> it's very clear that the u.s. housing market is in much better shape, so there are industrial stocks stanley works as an example that should be growing through the year almost regardless of whether the fiscal cliff g
meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions because there's this big blob of uncertainty facing us in the near term. overall, what's your sense for how the next year goes? >> our major message to clients is that we expect equities to be up between 5% and 10% next year. the first quarter probably will...
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we're waiting for the house of representatives to vote on the fiscal cliff deal that the senate passed early this morning. top republicans have already come out against senate bill. the fate is very uncertain. let's get latest from rich edson on capitol hill keeping track of all this for us. markets closed on the upside on hopes we would have a deal. does it look like we will by the time markets open tomorrow? >> diane this, is all hon hold. republicans ha the major concern mainly the lack of spending cuts. they all get together, 5:15, 15 minutes from now. they will start to hash this out or continue to hash this out and there is really no sense what house republicans will do with this. house democrats had a meeting this morning with vice president joe biden. they say they're not sure the number of sport they can get from house democrats. but they say that the republicans should allow a bill to hit the floor the one that passed the senate last evening with 89 votes. we talked to a number of different republicans who want to change this bill, alter it. if that happens, if republicans de
we're waiting for the house of representatives to vote on the fiscal cliff deal that the senate passed early this morning. top republicans have already come out against senate bill. the fate is very uncertain. let's get latest from rich edson on capitol hill keeping track of all this for us. markets closed on the upside on hopes we would have a deal. does it look like we will by the time markets open tomorrow? >> diane this, is all hon hold. republicans ha the major concern mainly the...
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we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you announce a meeting publicly in washington it usually for political theater purposes. nothing good ever cops from it. there is one then you have to do in politics. if a president meets with a foreign leader you want to make sure you know what will happen at the meeting. when the president calls congressional leaders to the white house it is all political theater or they have a deal. my bet it is all political theater. gregg: senator graham warned he thinks our nation will go over the cliff and president's offer to fix it does nothing other than, quote, this
we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you...
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Jan 1, 2013
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the white house and the gop have reached a deal on how to avoid the "fiscal cliff." the news comes just three hours before the new year's deadline. cbs 5 reporter grace lee on where it all stands now. grace. >> reporter: late developments brian. this all coming together in the last several minutes. what we have just learned is that the senate will be voting tonight before midnight. that's the deadline and you can see we have a live look at the u.s. capital as of right now. we are also just hearing that the vice president is headed right here to the capital to brief senate democrats on the details of the deal that they will be voting on toinght. for individuals making more than 400,000 or households more than $450,000, their tax rates are expected to go up next year. for two million jobless americans, their unemployment benefits should be extended at least another year. and that so-called inheritance tax will go from 35 to 40%. but even with all these compromises, it is likely that most of us will be shelling out more cash to the irs come next year. >> you know, keep
the white house and the gop have reached a deal on how to avoid the "fiscal cliff." the news comes just three hours before the new year's deadline. cbs 5 reporter grace lee on where it all stands now. grace. >> reporter: late developments brian. this all coming together in the last several minutes. what we have just learned is that the senate will be voting tonight before midnight. that's the deadline and you can see we have a live look at the u.s. capital as of right now. we...
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>>> cliff hanging. overnight the senate passes a deal to avert the fiscal crisis. now it heads for a showdown in the house. >> this shouldn't be the model for how we do things around here. but i appreciate the vice president's willingness to get this done for the country. >>> clinton blood clot. secretary of state hillary clinton is being treated for a clot in the vein between the brain and the skull. >>> and the world rings in the new year. ♪ captioning funded by cbs >>> good morning, everybody. happy new year to you. good to be with you. i'm terrell brown. while revelers ring in the new year the senate is also celebrating. just a few hours ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early mo
>>> cliff hanging. overnight the senate passes a deal to avert the fiscal crisis. now it heads for a showdown in the house. >> this shouldn't be the model for how we do things around here. but i appreciate the vice president's willingness to get this done for the country. >>> clinton blood clot. secretary of state hillary clinton is being treated for a clot in the vein between the brain and the skull. >>> and the world rings in the new year. ♪ captioning...
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on the markets, pricing in a deal on the fiscal cliff. we will ask chris sheldon chief investment officer at dreyfuss corporation who joins us from boston. don't know if you've been watching, chris, jason, i think thinks that overall the market's a little ahead of itself but there are still pockets of value. how do you view the overall markets this morning? >> not radically different. good morning, gentlemen. hello, jason, how are you? >> how you doing, chris? >> good. good to see you. i think jason's right in the sense that when we have management teams all over the world, literally, and almost every one of these teams assumes that the fiscal cliff will be fixed, the market has rallied in anticipation of that. here we are, once again at the 11th hour, and so in that sense, if we don't get some type of a deal here in the next few days, which the clock is ticking, i think in that regard, the market may be a little bit ahead of itself. >> overall, though, the -- i guess you have to say that the price-to-earnings multiple is pretty low and r
on the markets, pricing in a deal on the fiscal cliff. we will ask chris sheldon chief investment officer at dreyfuss corporation who joins us from boston. don't know if you've been watching, chris, jason, i think thinks that overall the market's a little ahead of itself but there are still pockets of value. how do you view the overall markets this morning? >> not radically different. good morning, gentlemen. hello, jason, how are you? >> how you doing, chris? >> good. good to...
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the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the last decade, according to the centerses for disease control and prevention. researchers called the decline modest but say it's encouraging. the cdc adds that part of the decrease could be attributed to awareness campaigns that encourage physical activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. t
the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped...
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Dec 27, 2012
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four days to go before america goes over the fiscal cliff. what does that really mean for average snerns how would going over the cliff affect you? jackie deangel lis is at cnbc hears. >> four days away, not a lot of time at all. a lot is at stake for all-americans if washington can't come to some sort of agreement before the deadline. while some groups will be impacted differently, the key here is that everyone will be paying more. consider those who make roughly $20,000 a year or less. they'll be paying on average $412 more. if your salary is in the $64,000 range, you're going to be paying almost $2,000 mosh. remember, that's why president obama was talking about my 2 k. he wanted to get the middle class to weigh in on the tax debate. that's how much they'll be paying. if you make a little bit over $100,000, you'll see an average hike of $3500. let's get to the higher category and income earner. households making half a million a year, they'll contribute about $15,000 a more. of course they're the top earners, the .1%, on average they'll se
four days to go before america goes over the fiscal cliff. what does that really mean for average snerns how would going over the cliff affect you? jackie deangel lis is at cnbc hears. >> four days away, not a lot of time at all. a lot is at stake for all-americans if washington can't come to some sort of agreement before the deadline. while some groups will be impacted differently, the key here is that everyone will be paying more. consider those who make roughly $20,000 a year or less....
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fiscal cliff last minute deal looks set to. the time being at least. you're watching. it. well the new year's global race is wrapping up so that such a quick look at some of the most spectacular celebrations that have been held so far new zealand was among the first to twenty thirty crowds at the harbor in oakland to enjoy the display of the city's sky tower raised two million people turned out of a key celebration in australia sydney's skyline erupted with a nonstandard jaw dropping fireworks at midnight a bridge. night later moved on to asia with hong kong which really built up the tension of the countdown then lit up the sky from both land and sea europe has also welcome the new year with a major fireworks display at the brandenburg gate in berlin becoming one of the world's largest open air parties and the dazzling display also splashed skies above the london eye in the u.k. capital and across the atlantic over a million spectators descend york's times celebrate the event with the additional troops. in russia officially kicked off when the clock on tower in moscow rang
fiscal cliff last minute deal looks set to. the time being at least. you're watching. it. well the new year's global race is wrapping up so that such a quick look at some of the most spectacular celebrations that have been held so far new zealand was among the first to twenty thirty crowds at the harbor in oakland to enjoy the display of the city's sky tower raised two million people turned out of a key celebration in australia sydney's skyline erupted with a nonstandard jaw dropping fireworks...
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we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> the united states is going over the fiscal cliff. at least for a short while. the house of representatives deciding in just a little while ago it will not vote and a deal tonight. earlier, president obama sounded slightly optimistic. let's listen to this. >> they are close but they're not there yet. and one thing we can count on with respect to this congress is that if there's even one second left before you
we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments...
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Jan 1, 2013
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investors were encouraged by signs of a deal on the fiscal cliff talks and we will know later today if that happened for sure. >>> gasoline prices, also soared this past year to their highest ever. aaa says the average price is $3.29 a gallon. that is less than the two cents higher than it was a year ago. but gas was 65 cents a gallon more last april, almost $4, the low came 12 days ago. >>> and the new year brings a standoff over health care coverage. the craft store chain hobby lobby could face fines as much as $1.3 million a day starting today in a battle over a new mandate. the company won't let its insurance cover morning after contraception. its owners say it violates their beliefs. >>> amazon is apologizing for the christmas eve outage on net flicks. they host many commercial websites including netflix and many customers said poor timing. won't able to access movies well through christmas day which is pretty much what we do on christmas day is watch movies. netflix had more problems yesterday, this time on its dvd websites and not caused by amazon. so they can't point the finger
investors were encouraged by signs of a deal on the fiscal cliff talks and we will know later today if that happened for sure. >>> gasoline prices, also soared this past year to their highest ever. aaa says the average price is $3.29 a gallon. that is less than the two cents higher than it was a year ago. but gas was 65 cents a gallon more last april, almost $4, the low came 12 days ago. >>> and the new year brings a standoff over health care coverage. the craft store chain...
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goes over its fiscal cliff. will lawmakers be able to put aside their differences and hammer out a deal to stave off most big tax hikes for the most americans? we'll head to washington next. >>> welcome back to "worldwide exchange." >> president obama calls congressional leaders to the white house in what could be the last chance to restart talks before the u.s. falls off the fiscal cliff next week. >>> a lackluster trading week of the year, but european equity markets are setd to post double digit earns for 2012. >>> and italy sold 6 billion ur he rows of longer dated paper. >>> and japan says other countries have no right to lecture japan on its currency policy. instead, calling for the u.s. to seek a stronger dollar. >>> let's check in on futures again and see if i can get the math right this time. dow jones industrial is poised to shed about 50 points at the open. similar declines with the nasdaq and the s&p 500. this would continue a string of lows which we've seen over the last four trading sessions. bette
goes over its fiscal cliff. will lawmakers be able to put aside their differences and hammer out a deal to stave off most big tax hikes for the most americans? we'll head to washington next. >>> welcome back to "worldwide exchange." >> president obama calls congressional leaders to the white house in what could be the last chance to restart talks before the u.s. falls off the fiscal cliff next week. >>> a lackluster trading week of the year, but european equity...
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cheryl: my next guest does not see a fiscal cliff deal until late january, but the possible market turmoil to follow could create a stock buying opportunity. joining me now, global financial services president and portfolio manager. of course you'll see the glass half full on this one. yet been saying this since november, to be fair. >> taking the position that we don't think the politicians are really going to get anything done until the backs of firmly against the wall which will be after the first pay cycle of the new year. that's why we are expecting third week of january, but this is also an opportunity. we have to recognize that. if you look at the market today, just imagine. if you pull 20 investment professionals yesterday we probably would have said markets are going to be down today. better than expected economic news. cheryl: is trying to, but they're is a lot -- one of the best performing sectors of 2012 was financials. it would have predicted that at the beginning of 2012? is in that kind of hard for people to focus on what sectors for people to look at when you have this crow
cheryl: my next guest does not see a fiscal cliff deal until late january, but the possible market turmoil to follow could create a stock buying opportunity. joining me now, global financial services president and portfolio manager. of course you'll see the glass half full on this one. yet been saying this since november, to be fair. >> taking the position that we don't think the politicians are really going to get anything done until the backs of firmly against the wall which will be...
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plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. with the scene now set for another showdown on capitol hill. and arlen takes over as the head of the european union but it's massive debt leaves it in a position just as the broad calls for strong leadership. hello good morning and happy new year you are watching live from moscow with me andrey farm. now as the new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to last year in two thousand and thirteen crowds packed the harbor in oakland to enjoy the display at the city's sky tower while almost two million people turned out at peak a celebration in australia sydney's skyline erupting with the now standard jaw dropping fireworks at midnight from the harbor bridge there midnight later moved on to asia and this is hong kong which really built up the tension with the can down then lit up the sky from both land and sea. europe has also welcomed in the new year with a
plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. with the scene now set for another showdown on capitol hill. and arlen takes over as the head of the european union but it's massive debt leaves it in a position just as the broad calls for strong leadership. hello good morning and happy new year you are watching live from moscow with me andrey farm. now as the new year continues to roll out across the world let's take a quick look at some...
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fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an internet sensation. the viral video that has millions of people around the world hooked, today, sunday, december 30th, 2012. >>> from nbc news this is "today" with lester holt and erica hill >>> i'm erica hill. >> i'm carl quintanilla. >> all eyes on washington. a number of americans wondering this morning why lawmakers have not yet been able to reach a deal to avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in californi
fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an...
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plus it is a fiscal cliff a last minute deal looks set to fend off a new year tax hike in america for the time being at least and island takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad calls out for strong leadership. and i welcome and happy new year you are watching r.t. life from moscow with me. now is a new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to usher in twenty thirty crowd packed the harbor in oakland to enjoy the display of the city's sky tower while almost two million people turned out at the key celebration in this trailer city skyline erupting with the now standard jaw dropping fireworks at midnight from harbor bridge great site a midnight later moved on to asia this is hong kong which really built up the tension with a camp dam then lit up the sky from both land and sea. shortly after europe welcomed the new year with a major fireworks display at the brandenburg gate in berlin be
plus it is a fiscal cliff a last minute deal looks set to fend off a new year tax hike in america for the time being at least and island takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad calls out for strong leadership. and i welcome and happy new year you are watching r.t. life from moscow with me. now is a new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have...
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Dec 26, 2012
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will happen tonight to work on a fiscal cliff deal. don't wait for washington to reach a deal by the end of the year. coming up, what you can do right now to minimize the impact on your own bottom line. >>> jessica simpson used the holiday to confirm she is pregnant once again. she tweetd a picture of her 7-month-old daughter maxwell with the words "big sis." >>> in mobile, alabama, for us this morning, jim cantore. good morning. >> reporter: good morning, savannah. storm prediction center said we had as many as 34 tornadoes yesterday. average for the month of december is 26. church behind me here heavily damaged, two sections of the roof have been torn off and dropped below. christmas morning, that church was full of people and parishioners attending christmas service. power poles have been taken down as well. the last thing people in mobile expected on christmas day was to be cleaning up after a tornado. >> oh, my god! look at that. >> reporter: this was the scene in downtown mobile, alabama, late tuesday afternoon, a tornado touched
will happen tonight to work on a fiscal cliff deal. don't wait for washington to reach a deal by the end of the year. coming up, what you can do right now to minimize the impact on your own bottom line. >>> jessica simpson used the holiday to confirm she is pregnant once again. she tweetd a picture of her 7-month-old daughter maxwell with the words "big sis." >>> in mobile, alabama, for us this morning, jim cantore. good morning. >> reporter: good morning,...
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. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemplo
. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff...
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plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. but the same man set for another showdown on capitol hill. and i learned takes over as the head of the european union but it's massive dead leaves it in a weak position just as the broad calls out of a strong leadership. cloak borning and happy new year you are watching r.t. live from moscow with me. now the new year has reached the new year race has reached america's east coast midnight has just struck in new york these are live pictures from times square over a million spectators are there to celebrate the event with the traditional ball drop the iconic symbol has been decorated with tens of thousands of colored lights organizers say that. could be a record tonight for new year's celebrations in the big apple these are live pictures many people celebrating you can see they're bringing in twenty to. well let's take a quick look at some of the most spectacular celebrations and firework displays of happened around the world new zealand was among the first to usher in twenty thirty cro
plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. but the same man set for another showdown on capitol hill. and i learned takes over as the head of the european union but it's massive dead leaves it in a weak position just as the broad calls out of a strong leadership. cloak borning and happy new year you are watching r.t. live from moscow with me. now the new year has reached the new year race has reached america's east coast midnight has...
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deal on fiscal cliff that's what you read in so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. if he's gone if you can reporting right now while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through charlie mcgrath from wide awake news explains what can the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is to keep this massive government rolling and you can make social interest influences in washington d.c. for that when the cameras are own you know if they're on the red team they're going out there saying it's the welfare folks as well that's the people on food stamps or the people in extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up tha
deal on fiscal cliff that's what you read in so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. if he's gone if you can reporting right now while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through charlie mcgrath from wide awake news explains what can the united states...
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politicians on a deal to avert the so-called fiscal cliff going down to the wire. what are the chances of a deal before the deadline? we have a senior economist at west bank in london and he said he did not have high hopes. >> it is looking unlikely, on inheritance tax, and when the income tax hikes should cut income at what income level. it really remains intractable on both sides. what will happen is the negotiations will continue in the new year after some of these measures have been imposed, but the market reaction to the failure of politicians to agree i think will force them to sharpen their negotiating pencils and actually come to some sort of agreement. it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. e
politicians on a deal to avert the so-called fiscal cliff going down to the wire. what are the chances of a deal before the deadline? we have a senior economist at west bank in london and he said he did not have high hopes. >> it is looking unlikely, on inheritance tax, and when the income tax hikes should cut income at what income level. it really remains intractable on both sides. what will happen is the negotiations will continue in the new year after some of these measures have been...
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. >>> and lawmakers one more time to avert the fiscal cliff before the new year. president obama will head back to washington tonight. danielle leigh is on capitol hill. good morning. does a deal still look doable? >> good morning. there is hope for a deal but confidence in that grand bargain reform has all but disappeared. americans are already taking a good hard look at their wallets as confidence the avoidance of the fiscal cliff diminishes. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill
. >>> and lawmakers one more time to avert the fiscal cliff before the new year. president obama will head back to washington tonight. danielle leigh is on capitol hill. good morning. does a deal still look doable? >> good morning. there is hope for a deal but confidence in that grand bargain reform has all but disappeared. americans are already taking a good hard look at their wallets as confidence the avoidance of the fiscal cliff diminishes. >> there is hope a deal will...
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the country technically does go over the fiscal cliff, even as a deal was struck. >> but the midnight deadline came and went with lawmakers still scrambling. it is tuesday, january 1, 2013. >> from abc news, this is "world news now." >> good morning, everybody. i'm john muller in for rob nelson. >> and i'm paula faris. in washington, it was an 11th hour deal as the clock struck midnight. we're going to get the latest on this tangled fiscal cliff talks in a moment. but the senate has just passed it. now it's up to the house. >>> also this half hour, a health crisis for hillary clinton. we are now learning about the blood clot that was near her brain and how doctors are treating the secretary of state. she is lucky this didn't turn out to be fatal. >> absolutely lucky. >>> welcoming in 2013. the crowds, the cops, the confetti, the cold weather. it's got to be new year's eve in times square. we'll take you there. >> of course, the party is not just in new york. we'll drop in on some new year's eve celebrations around the globe. big cities are doing it right. >> absolutely. >>> but first,
the country technically does go over the fiscal cliff, even as a deal was struck. >> but the midnight deadline came and went with lawmakers still scrambling. it is tuesday, january 1, 2013. >> from abc news, this is "world news now." >> good morning, everybody. i'm john muller in for rob nelson. >> and i'm paula faris. in washington, it was an 11th hour deal as the clock struck midnight. we're going to get the latest on this tangled fiscal cliff talks in a...
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has dropped to its lowest level in four months in december guess why the fiscal cliff is still there no deal is so far been reached that coupled with the fact yet again the debt is hitting the ceiling in the united states this could lead to dire consequences for the global economy let alone the united states let's talk now to patrick young co-author of the gathering storm brown bear broadband good to see you patrick so how bad do you think it's going to get if not in january but in the first quarter of two thousand and thirteen. well the situation is an incredibly perilous i mean think about the history of american debt three decades ago america owed the world about nine hundred and it billion dollars now that may sound like a big number but bear in mind at the moment it borrowing a hundred billion dollars every single month the total debt in america is roughly fifteen trillion dollars i mean that's the sort of amount of money that if you put the notes end to end you get most of the way towards mars it's an absolutely rejects of mind of money and the problem we've got is you've got p
has dropped to its lowest level in four months in december guess why the fiscal cliff is still there no deal is so far been reached that coupled with the fact yet again the debt is hitting the ceiling in the united states this could lead to dire consequences for the global economy let alone the united states let's talk now to patrick young co-author of the gathering storm brown bear broadband good to see you patrick so how bad do you think it's going to get if not in january but in the first...
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and the fiscal cliff deal, and are we going to get it done? we will talk to three top lawmakers and they are not in washington yet. and you have been hearing about the movie "django unchained" and the tarantino film has sparked controversy and also a feud between two top directors. and you will get some alex witt this weekend, because she talked to lester holt about what he got dragged into doing on his thanksgiving vacation. and also a lot of people ringing in the new year, and there are going to be issues with snow. s causing issues with people returning back home after the holidays. get ready. we'll have all that. so yes, melissa, good to see you this weekend. >> thanks, t.j. as t.j. might say, don't sleep on our legendary foot soldier who still inspires us all. by t? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. your doctor will say get smart about your weight. that's why there's glucerna hunger smart
and the fiscal cliff deal, and are we going to get it done? we will talk to three top lawmakers and they are not in washington yet. and you have been hearing about the movie "django unchained" and the tarantino film has sparked controversy and also a feud between two top directors. and you will get some alex witt this weekend, because she talked to lester holt about what he got dragged into doing on his thanksgiving vacation. and also a lot of people ringing in the new year, and there...
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fiscal cliff. island as soon as the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda with zone ailing finances. and the scene with a new around the globe we digest the highlights at twenty twelve and look at the headlines that could have been if things are different. hello there very good to have you company it's kevin over here at the new center just after one am moscow time now on our top story than the smalling a last minute deal on the american fiscal cliff was passed by the senate in the final hours before the deadline but now as they go to the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house's perspective on the voting definitely calling for more spending cuts let's talk to lawrence freeman he's editor of the executive review magazine is joining us on the line from maryland now to give us a bit more analysis of what's going on here hi lawren
fiscal cliff. island as soon as the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda with zone ailing finances. and the scene with a new around the globe we digest the highlights at twenty twelve and look at the headlines that could have been if things are different. hello there very good to have you company it's kevin over here at the new center just after one am moscow time now on our top story than the smalling a last minute deal on the...
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deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. hello there thanks for joining us if you just have a new year's day here in moscow our top story the more we've got an hour left of new year's day twenty thirteen is made around the globe with a ray of fireworks performances and cheering crowds as take a look at the world party then should we do zealand was among the first to usher in twenty thirteen crowd packed the harbor in all clinton joy if i were exploding of the city's sky tower a great sight it. was not a stray joining the festivities a bit later with almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight there. a new year continues from for march through asia with the most spectacular shows in hong kong biggest ever the say were a countdown to twenty thirteen culminated in a light extravaganza on the land and in the sky and europe now picking up the holiday torch is berlin hosting one of the world's largest open parties th
deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. hello there thanks for joining us if you just have a new year's day here in moscow our top story the more we've got an hour left of new year's day twenty thirteen is made around the globe with a ray of fireworks performances and cheering crowds as take a look at the world party then should we do zealand was among the first to usher in twenty thirteen crowd...
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lawmaker has a long time to avoid the fiscal cliff. now only four days left and no deal in sight. that could change today, when president obama holds a meeting with all four congressional leader at the white house. we're not saying you should bet on it. let's bring in ron brownstein for "the national journal." >> good morning. >> good morning. we're talking about this whole idea of a fiscal cliff was absolutely not supposed to happen. >> this was a machine that the two sides built to give guy them more will power to do what they didn't want to do to begin with. which is compromise. they could not reach a deal to destabilize the federal government's long-term finances so they built this to put more pressure on themselves to reach a deal now. and even this does not seem to be enough to do it, to force them to make the difficult concessions that are required for the two sides to come together this is indignant of a broader problem we face of a red coalition and blue coalition that reflect very different visions of american and show less and less cooperation. we are looking at a divid
lawmaker has a long time to avoid the fiscal cliff. now only four days left and no deal in sight. that could change today, when president obama holds a meeting with all four congressional leader at the white house. we're not saying you should bet on it. let's bring in ron brownstein for "the national journal." >> good morning. >> good morning. we're talking about this whole idea of a fiscal cliff was absolutely not supposed to happen. >> this was a machine that the...
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and deal looks set to pull america from the edge of the fiscal cliff tax hikes for millions of americans for the time being at least. around the world and around the clock this is very happy new year. twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds let's take a look at how the world has been partying new zealand was among the first in twenty thirty crowds in the harbor in oakland to enjoy the fireworks exploding over the city's. australia join the festivities shortly with almost two million people gathering to see an outstanding jaw dropping fireworks from harbor bridge as the clock struck midnight and continued its triumphant march through asia with one of the most spectacular show is on building in hong kong where count down to twenty thirteen culminated in a light extravaganza on the land and in the sky europe picked up a holiday torch in hosting one of the world's largest open air parties at the brandenburg gate one of the u.k. pulled out. all the stops the great fireworks display in the heart of the capital at the london eye a
and deal looks set to pull america from the edge of the fiscal cliff tax hikes for millions of americans for the time being at least. around the world and around the clock this is very happy new year. twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds let's take a look at how the world has been partying new zealand was among the first in twenty thirty crowds in the harbor in oakland to enjoy the fireworks exploding over the city's. australia...
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with just days to go until america plunges off the fiscal cliff there is still no deal in sight between the firmly entrenched republicans and democrats millions of americans stand to see stand to see their taxes go up dramatically in two days' time but the sticking point holding up negotiations of the rates for the rich the republicans have rejected any deal that would see those taxes rise while the democrats insist on the wealthy paying up a little more and best investment advisor patrick young says the u.s. is heading towards further recession if it can't occur that spending. i'm really worried going into twenty thirteen i mean ultimately the great thing is that humankind will survive we will all remain the same people but the problem we have is first of all america seems to be heading suicidally towards this thing the fiscal cliff and the possibility that it may enter another leg of recession or possibly even depression as a result of legislators inability to curb their how bit of spending like footballers' wives and then on the other side of the atlantic we also have this problem th
with just days to go until america plunges off the fiscal cliff there is still no deal in sight between the firmly entrenched republicans and democrats millions of americans stand to see stand to see their taxes go up dramatically in two days' time but the sticking point holding up negotiations of the rates for the rich the republicans have rejected any deal that would see those taxes rise while the democrats insist on the wealthy paying up a little more and best investment advisor patrick...
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and deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. forecasting live from moscow you're watching r t a very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds take a look at how the world has been partying in new zealand. long the first twenty thirty. to enjoy the fireworks exploding over the city's sky tower australia join the festivities shortly with almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight. new york continues triumphant march through asia with on the most spectacular veiling in hong kong countdown to twenty thirteen culminated in a night extravaganza on the land and in the sky and in europe and then picked up one of the top. on the world's largest open air parties at the brandenburg gate. the u.k. pulled out all the stops and summarizing politics displaying the heart of the capital at the london eye and across the atlantic over a mi
and deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. forecasting live from moscow you're watching r t a very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds take a look at how the world has been partying in new zealand. long the first twenty thirty. to enjoy the fireworks exploding over the city's sky tower australia join the...
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the fiscal cliff deadline has past. but lawmakers in the senate have just passed an agreement, which would reverse those drastic changes. >> under the deal, taxes would go up only on those making incomes of $400,000 for individuals, $450,000 for couples. now the measure goes to the house for a vote. >> and the house reconvenes today at noon. and secretary of state hillary clinton remains in a new york hospital this morning after doctors discovered a blood clot that formed near her brain. she's being treated with blood thinners. she'll be in the hospital until the right dose with be worked out. >> clinton suffered a concussion in mid december. doctors say she's expected to make a full recovery. >> she's making excellent progress they say and lucky they found that in a routine mri. >>> well, it's all over in times square now, except for that massive cleanup. more than a million people crowding the famous intersection for the midnight ball drop. >> and at the stroke of midnight, tons of confetti dropped down, some had been
the fiscal cliff deadline has past. but lawmakers in the senate have just passed an agreement, which would reverse those drastic changes. >> under the deal, taxes would go up only on those making incomes of $400,000 for individuals, $450,000 for couples. now the measure goes to the house for a vote. >> and the house reconvenes today at noon. and secretary of state hillary clinton remains in a new york hospital this morning after doctors discovered a blood clot that formed near her...
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deal looks set to put america on the edge of the fiscal cliff and tax hikes for millions of americans for a time at least. very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as take a look at how the world has been partying new zealand was among the first to usher in twenty thirty crowds the harboring oakland joy the fireworks exploding over the city's sky tower australia joined the festivities almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight here continued triumphant march through asia when one of the most spectacular shows on veiling in hong kong were count down to twenty thirteen commentated light extravaganza on the land and in the sky europe then picked up the holiday torch berlin hosting one of the world's largest open air parties at the brandenburg gate while the u.k. pulled out all the stops with a mesmerizing fireworks display in the heart of the capital at the london eye and across the atlantic over a million specta
deal looks set to put america on the edge of the fiscal cliff and tax hikes for millions of americans for a time at least. very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as take a look at how the world has been partying new zealand was among the first to usher in twenty thirty crowds the harboring oakland joy the fireworks exploding over the city's sky tower australia joined the festivities almost two million...